Mango Markets, the Solana on-chain DEX, is winding down its operations after reaching a settlement with the SEC, conducting a governance vote and dealing with legal issues arising from the 2022 breach. Yesterday Mango Markets announced through its X account that it was "closing the platform, it is time for users to position squaring". The move follows the "adjustment of interest rates and collateral" requirement in the governance proposal to end lending exposure on the platform, which will take ...
Mango Labs has filed a lawsuit against John Kramer and Maximilian Schneider, accusing them of embezzling $10 million from the Mango Decentralized Autonomous Organization (DAO). John Kramer and Maximilian Schneider held fiduciary positions in the DAO and were accused of conspiring to illegally profit while they bought the DAO's MNGO governance tokens held by the bankrupt FTX on behalf of the DAO. The lawsuit alleges that the duo violated fiduciary duty and violated Puerto Rican civil law regardin...
Mango Labs 已对 John Kramer 和 Maximilian Schneider 提起诉讼,指控他们从 Mango 去中心化自治组织(DAO)盗用了 1000 万美元。 John Kramer 和 Maximilian Schneider在 DAO 中担任信托职务,并被指控合谋非法获利,同时他们代表 DAO 购买了破产的 FTX 持有的 DAO 的 MNGO 治理代币。 诉讼指控二人违反受托责任,违反波多黎各民法关于损害赔偿、欺诈/虚假陈述...
The MangoDAO community failed to pass a proposal to "authorize nearly $700,000 in payments to the SEC to settle allegations."
Decentralized crypto exchange Mango Markets is considering reaching a $500,000 settlement with the U.S. Commodity Futures Trading Commission (CFTC). The exchange faces CFTC charges for not registering as a commodities exchange, illegally providing services to U.S. users, and failing to authenticate customers. Mango Markets' legal representative proposed to avoid litigation by paying a fine, but did not admit or deny any wrongdoing. The proposal is subject to a vote by MNGO, the governance token ...
Solana Ecosystem DEX Mango Markets has announced the launch of a new spot exchange Fill City on Solana, powered by the order book of its open-source router technologies Autobahn and Manifest.
Mango DAO, the governing entity that manages Mango Markets, began voting on Monday on a "proposed SEC settlement" that would require the company to pay hundreds of thousands of dollars in fines, destroy its MNGO tokens and seek to remove it from other trading venues. But if this vote passes (and there are enough votes to pass), and the agency does accept the proposal. Governance tokens MNGO becomes worthless if investors vote on everything from token listings, buybacks, debt repayment, and SEC s...
Sanctum announced several new LSTs at X, including mangoSOL (Mango), uptSOL (UpRock), (lotusSOL) LOTUS, uSOL (Urban Node), pineSOL (Pine Analytics), gS (Guardian Validator), and eonSOL (EONpool). In addition, after this, the team will launch the new LST in a more open and collaborative manner. Any project that wants to launch an LST in partnership with Sanctum must submit a proposal on the research.sanctum.so.
Sanctum 于 X 宣布推出多个新 LST,包括 mangoSOL(Mango)、uptSOL(UpRock)、(lotusSOL)LOTUS、uSOL(Urban Node)、pineSOL(Pine Analytics)、gS(Guardian Validator)以及 eonSOL(EONpool)。 此外,在此之后,团队将以更加公开和合作的方式推出新的 LST。任何想要与 Sanctum 合作推出 LST 的项目都必须在 research.sanctum.so 上提交提案。
On April 26, Binance and related parties filed a government document unrelated to the case of Mango Markets developer Abraham Eisenberg, who was convicted by a jury on April 18. Binance's defense team drew attention to a specific paragraph in which the US government expressed its position on whether a particular stablecoin, USDC, was a security. Attorney Damian Williams pointed out on behalf of the U.S. government that there is no factual basis for treating USDC as a security, and that holders o...